T18: Number of delivery instructions processed
(millions; total for the year)
«China»
 Year
« ‹ 2012 › »
 2008 2009 2010 2011 2012
CCDC depository and settlement system
Total number of delivery instructions 1napnapnapnap1.3
Breakdown of 'total number of delivery instructions'
 into DVP and free of payment
DVP trades 2napnapnapnap1.1
Breakdown of 'total number of delivery instructions, DVP'
 by security type
Debt securitiesnapnapnapnap1.1
Breakdown of 'total number of delivery instructions, DVP,
 debt securities' by original maturity
Short-term papernapnapnapnap0.1
Bondsnapnapnapnap1.0
Equitynapnapnapnap0.0
Othernapnapnapnap0.0
Free-of-payment trades 3napnapnapnap0.3
SD&C
Total number of delivery instructions 4napnapnapnap2,058.6
Breakdown of 'total number of delivery instructions'
 into DVP and free of payment
DVP tradesnapnapnapnapnav
Breakdown of 'total number of delivery instructions, DVP'
 by security type
Debt securitiesnapnapnapnapnav
Breakdown of 'total number of delivery instructions, DVP,
 debt securities' by original maturity
Short-term papernapnapnapnapnav
Bondsnapnapnapnapnav
Equitynapnapnapnapnav
Othernapnapnapnapnav
Free-of-payment tradesnapnapnapnapnav
 1 CCDC provides the par value of delivery instructions for RMB-denominated bonds in this table, including spot trading, pledged repo, outright repo, bond lending and forward. For the repo and bond lending, CCDC just counts the first-leg settlement. 2 DVP trades include both DVP (Delivery Versus Payment) and DVD (Delivery Versus Delivery) instructions. DVD is mainly used in bond-lending. For the closed-leg settlement of bond-lending, the lender gets the underlying bond back, while the borrower finishes the payment and de-blocks the pledged bond. 3 Besides Free-of-payment trades, the figures also include PAD (payment against delivery) trades and DAP (delivery against payment) trades. 4 The statistical caliber of this index is adjusted to unilateral calculation, along with a retroactive adjustment on the data of 2007 to 2015.